Commercial Real Estate Investing For Dummies

Commercial Real Estate Investing For Dummies

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Book description

Thinking about becoming a commercial real estate investor? Commercial Real Estate Investing For Dummies covers the entire process, offering practical advice on negotiation and closing win-win deals and maximizing profit. From office buildings to shopping centers to apartment buildings, it helps you pick the right properties at the right time for the right price.

Yes, there is a fun and easy way to break into commercial real estate, and this is it. This comprehensive handbook has it all. You'll learn how to find great properties, size up sellers, finance your investments, protect your assets, and increase your property's value. You'll discover the upsides and downsides of the various types of investments, learn the five biggest myths of commercial real estate investment, find out how to recession-proof your investment portfolio, and more. Discover how to:

Investing in commercial property can make you rich in any economy. Get Commercial Real Estate For Dummies, and find out how.

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Table of contents

  1. Title
  2. Contents
  3. Introduction
    1. About This Book
    2. Conventions Used in This Book
    3. What You’re Not to Read
    4. Foolish Assumptions
    5. How This Book Is Organized
    6. Icons Used in This Book
    7. Where to Go from Here
    1. Chapter 1: Just Imagine . . . Commercial Real Estate and You!
      1. What Is Commercial Real Estate?
      2. What to Think About As You Get Started
      3. Understanding the Risks of Commercial Real Estate
      1. How Is Commercial Real Estate Different from Residential Real Estate?
      2. Why Invest in Commercial Real Estate?
      3. What Types of Investments Are Available?
      4. What You Need to Get Started
      5. Myths and Questions about Investing in Commercial Real Estate
      6. Timing the Commercial Real Estate Market
      1. Talking the Talk: Terms You Need to Know
      2. Figuring Out What a Property Is Worth
      3. Running the Numbers on Some Properties
      4. The Professional Approach to Valuing Properties
      5. Understanding What Creates Value
      6. Differentiating a Good Deal from a Bad Deal
      1. Chapter 4: On Your Mark, Get Set, Go Find Deals
        1. Discovering the Secret to Finding Great Deals
        2. Getting Leads on Commercial Property Investments
        3. Looking Locally and Nationwide
        4. Locking Down Deals: Don’t Leave Home without These Tools
        5. Allowing the Great Deals to Find You
        1. Increasing Your Chances of Getting Your Offer Accepted
        2. Sealing Deals: The Instant Offer System
        3. How to Meet the Seller When Submitting Your Offer
        4. Writing Up the Offer
        5. Presenting Your Offer in the Best Light
        6. The Five-Step Deal Filter
        7. The Seller Has Accepted My Offer! Now What?
        1. What Is Due Diligence?
        2. The First Things You Need to Do
        3. Creating Checklists for Effective Due Diligence
        4. Managing the Whole Process
        5. You Found Problems, What Now?
        1. The Anatomy of a Close
        2. Closing 101: The Basics of Closing a Deal
        3. The Big Picture Show: Questions to Ask Yourself Before You Pull the Trigger
        4. Sweating the Details before Signing on the Dotted Line
        5. Closing Day: What to Expect
        6. Taking Legal Ownership
        7. You’re the Boss Now: What Next?
        1. Chapter 8: Conventional Financing Options
          1. The Commercial Lending Process in a Nutshell
          2. Differences between Commercial and Residential Lending
          3. How Lenders Evaluate Properties
          4. Getting Your Lender to Say “You’re Approved!”
          5. Choosing the Best Loan for You
          6. Assuming the Seller’s Preexisting Mortgage
          1. Creative Financing Techniques
          2. The Master Lease Technique
          3. Getting Someone to Carry Secondary Financing
          4. Getting the Owner to Carry Seconds and Other Secondary Financing
          5. Operating the Wraparound Mortgage Like a Surgeon
          6. Using an Option to Buy
          7. Leveraging the Equity in Your Portfolio
          1. Identifying the Keys to Raising Private Funds
          2. Building Your Rolodex of Potential Investors
          3. Deciding Whether to Go It Alone or Use a Partner or Two
          4. Creating the Right Teams and Partnerships
          1. Chapter 11: Property Management: Who’s Minding Your Ship?
            1. I’m the Boss: Managing Your Commercial Property Yourself
            2. Letting Go: Using Professional Property Management Companies
            3. Knowing How to Be an Effective Absentee Owner
            1. Taking Asset Protection Seriously
            2. Building a Legal Fortress for Personal Assets
            3. Common-Sense Protection Tips
            1. What Is a Property Failure?
            2. How You, the Investor, Can Cause Failure
            3. How Management Can Cause a Property to Fail
            4. How the Market Can Cause Failure
            5. Folding Up and Walking Away
            6. Tried and True Tips on Surviving and Thriving
            1. Chapter 14: Making a Success Out of Commercial Fixer-Uppers
              1. Just What Is a Commercial Fixer-Upper?
              2. Uncovering Diamonds in the Rough
              3. Figuring Out What a Fixer-Upper Is Worth
              4. Mapping Out a Fixer-Upper Game Plan
              5. Avoiding Headaches and Pitfalls (Or at Least Minimizing the Pain)
              6. Timing Your Fixer-Upper for a Quick Sale
              1. The Pros and Cons of Investing in Land
              2. Understanding What Makes Land Worth More
              3. Knowing Whether You’re in the Right Market
              4. Identifying the Three Ps for Successful Projects
              5. Investing in Land with a Team
              6. Finding the Best Places to Invest in Land
              7. With Land, Time Really Does Equal Money
              8. Changing the Property’s Zoning and Getting Approved to Develop
              9. Getting the Green Light on Your Deal
              1. An Overview of Money-Making Tax Strategies
              2. Being an Investor or a Dealer: The Difference Is Huge
              3. Naming Yourself a Real Estate Professional: It Pays
              4. Choosing Your Entity: An Important Tax Preparation Before You Buy
              5. Digging into Depreciation
              6. The 1031 Exchange: Avoiding Taxes by Trading In for Another Property
              7. Taking Advantage of Some Commonly Overlooked Deductions
              1. Becoming a Commercial Sales Agent
              2. Making a Go of It as a Property Manager
              3. Cashing In on a Commercial Mortgage Business Career
              4. Arriving As a Commercial Appraiser
              1. Chapter 18: Ten Ways to Increase Your Property Value
                1. Raise the Rents
                2. Budget Your Way to Wealth
                3. Give the Property a Makeover
                4. Change the Property’s Use
                5. Add Goodies to the Property
                6. Stand Up to the Tax Man
                7. Pass Utility Expenses to Tenants
                8. Renegotiate the Leases
                9. Bring in a New Management Team
                10. Split Up Your Land
                1. Get Your CCIM Designation
                2. Put Power in Your Search Engines
                3. Go Directly to the Investment Firms
                4. Read the Trades
                5. For Apartment Owners: Join the NAA
                6. For Office Building Owners: Get Involved with BOMA
                7. For Shopping Center Owners: Enlist with the ICSC
                8. For Property Management Professionals: Become Affiliated with the IREM
                9. Stay Current and Connected
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                Product information

                • Title: Commercial Real Estate Investing For Dummies
                • Author(s): Peter Conti, Peter Harris
                • Release date: January 2008
                • Publisher(s): For Dummies
                • ISBN: 9780470174913

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